Comments on: $8,000 Tax Credit for First Time Home Buyers http://www.minnesotafirsthome.com/buyers/8000-tax-credit-for-first-time-home-buyers/ Everything you need to know, when buying your first home Fri, 05 Mar 2010 15:31:22 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Steve Howe http://www.minnesotafirsthome.com/buyers/8000-tax-credit-for-first-time-home-buyers/comment-page-1/#comment-130 Steve Howe Tue, 15 Dec 2009 18:00:43 +0000 http://www.minnesotafirsthome.com/?p=822#comment-130 @Lillian Burke: First off I would tell you to consult a tax professional, since this is an IRS tax credit, real estate companies have nothing to do with qualifications or disbursement of the credit. Secondly, if you "purchased" your house from your parents in 2008, that means you would have transfered title to your name back in 2008, and may be eligible for the 2008 Home Buyer Tax Credit. If you didn't transfer title back in 2008, that means you didn't actually buy the home, unless you signed a Contract for Deed which is a valid home purchase. Again, a tax professional should know the rules of this credit and be of more help with your individual situation. @Lillian Burke: First off I would tell you to consult a tax professional, since this is an IRS tax credit, real estate companies have nothing to do with qualifications or disbursement of the credit. Secondly, if you “purchased” your house from your parents in 2008, that means you would have transfered title to your name back in 2008, and may be eligible for the 2008 Home Buyer Tax Credit. If you didn’t transfer title back in 2008, that means you didn’t actually buy the home, unless you signed a Contract for Deed which is a valid home purchase. Again, a tax professional should know the rules of this credit and be of more help with your individual situation.

]]> By: Lillian Burke http://www.minnesotafirsthome.com/buyers/8000-tax-credit-for-first-time-home-buyers/comment-page-1/#comment-129 Lillian Burke Tue, 15 Dec 2009 15:19:02 +0000 http://www.minnesotafirsthome.com/?p=822#comment-129 I purchased my house from my parent in 2008 and I am in the process of changing the title of the house from my parents name to my name....this is my first purchased house. Based on those facts am I eligible to receive this tax credit? Thanks. Lillian I purchased my house from my parent in 2008 and I am in the process of changing the title of the house from my parents name to my name….this is my first purchased house. Based on those facts am I eligible to receive this tax credit?

Thanks.
Lillian

]]> By: Gift Tax http://www.minnesotafirsthome.com/buyers/8000-tax-credit-for-first-time-home-buyers/comment-page-1/#comment-126 Gift Tax Tue, 24 Nov 2009 05:38:27 +0000 http://www.minnesotafirsthome.com/?p=822#comment-126 Thank you for sharing this article. I find it very helpful especially my husband and I were planning to have a new home. Thanks for the informations that every first time home buyer should know. Thank you for sharing this article. I find it very helpful especially my husband and I were planning to have a new home. Thanks for the informations that every first time home buyer should know.

]]> By: Gift Taxes http://www.minnesotafirsthome.com/buyers/8000-tax-credit-for-first-time-home-buyers/comment-page-1/#comment-124 Gift Taxes Wed, 18 Nov 2009 08:52:17 +0000 http://www.minnesotafirsthome.com/?p=822#comment-124 This is very helpful for the first time home buyers. I think that the coverage is fair enough. I believe that this will attract more consumers. This is very helpful for the first time home buyers. I think that the coverage is fair enough. I believe that this will attract more consumers.

]]> By: Steve Howe http://www.minnesotafirsthome.com/buyers/8000-tax-credit-for-first-time-home-buyers/comment-page-1/#comment-42 Steve Howe Tue, 31 Mar 2009 14:44:12 +0000 http://www.minnesotafirsthome.com/?p=822#comment-42 Yes, This is a nationwide Tax Credit. Ask your CPA or a tax professional about what form(s) to fill out on your income tax returns. This is good for all First Time Buyers closing between Jan 1st, 2009, and Nov. 30th, 2009. You can't file for the credit until after you close, but if you want the money right after you buy, you can simply file a Tax Amendment, so I am told. Yes,

This is a nationwide Tax Credit. Ask your CPA or a tax professional about what form(s) to fill out on your income tax returns. This is good for all First Time Buyers closing between Jan 1st, 2009, and Nov. 30th, 2009.

You can’t file for the credit until after you close, but if you want the money right after you buy, you can simply file a Tax Amendment, so I am told.

]]> By: Larry G http://www.minnesotafirsthome.com/buyers/8000-tax-credit-for-first-time-home-buyers/comment-page-1/#comment-41 Larry G Tue, 31 Mar 2009 14:03:55 +0000 http://www.minnesotafirsthome.com/?p=822#comment-41 I was reading the article about first time home buyer $8000 dollar tax credit, do you know if that program will be provided for persons that live in Florida? Thank you, I was reading the article about first time home buyer $8000 dollar tax credit, do you know if that program will be provided for persons that live in Florida?

Thank you,

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